Panoro Minerals Announces Appointment of Mr. David W. Huber as Chief Financial Officer

Panoro Minerals Ltd. (TSX VENTURE:PML)(BVLAC:PML)(FRANKFURT:PZM) ("Panoro") is
pleased to announce the appointment of Mr. David W. Huber as Chief Financial
Officer.


Mr. Huber is a Chartered Accountant who brings over 12 years of professional
experience with six years of experience in the CFO role.


Prior to joining Panoro, Mr. Huber spent over six years in the Cayman Islands
providing CFO and Corporate Secretarial services for the reinsurance industry.
He also spent over five years with KPMG in the Cayman Islands and
PricewaterhouseCoopers in Edmonton, Alberta.


Panoro has granted an option on 100,000 shares at a price of $0.52 per share,
pursuant to the Company's stock option plan. 


Mr. Michael Kerfoot will be leaving Panoro to pursue other opportunities. Panoro
thanks Mr. Kerfoot for his period of service as Chief Financial Officer.


About Panoro

Panoro's strategic focus is to move its advanced stage Copper and Copper/Gold
projects to the feasibility and development stages and to explore its other
projects. Panoro recently closed a $6.5 million non-brokered private placement
positioning the company to continue developing its significant portfolio of
exploration projects. The Company's large portfolio includes the advanced
Cotabambas Copper-Gold and Antilla Copper-Molybdenum Projects which include NI
43-101 inferred level resources of:




Cotabambas: 90 million tonnes at 0.77% Cu and 0.42 g/t Au (0.4% Cu cutoff)
Antilla:    154 million tonnes at 0.47% Cu and 0.009% Mo (0.25% Cu cutoff)



In addition to the exploration program at the Cotabambas Project, the Company
will also be carrying out exploration work at its Antilla Copper-Molybdenum
Project, Kusiorcco Copper Project and Cochasayhuas Gold Project in 2011. Panoro
has ten other exploration properties in Peru and is currently evaluating
investment alternatives including joint ventures.


Panoro's significant portfolio of projects is located primarily in the
southeastern region of Peru. This region contains a number of important copper
and copper/gold deposits including Xstrata's Las Bambas and Antapaccay Copper
Projects and the Tintaya Copper Mine. In September 2010, Xstrata announced
US$5.7 billion of investment to develop the Las Bambas and Antapaccay projects.
The region also includes the Haquira Copper Project, recently acquired by First
Quantum Minerals, and the Constancia Copper Project, the subject of a proposed
acquisition by Hudbay Minerals.


On behalf of the Board of Panoro Minerals Ltd.

Luquman Shaheen, M.B.A., P.Eng., P.E., President, CEO and Director

This release was prepared by management of the Company who takes full
responsibility for its contents.